Forex trading, also known as
Foreign Exchange, currency
trading or FX is a global
market for trading
one currency for another one
from a different country.
Forex trading involves buying one currency and selling another simultaneously. Through careful analysis, traders predict the potential direction of currency prices and attempt to capture gains based on price fluctuations. There is no centralised exchange for forex trading. Rather, it takes place electronically or online, between networks of global computers. The market is open 24 hours a day, 5 days a week.